AP News

Lexmark, Heinz, PVH are market movers


NEW YORK (AP) — Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE

Lexmark International Inc., up $2.61 at $21.62

The printer and software company said that it is cutting 1,700 jobs and will stop making inkjet printers.

H.J. Heinz Co., up 95 cents at $57.41

The ketchup maker said strength in emerging markets and a better tax rate will push its first-quarter earnings above Wall Street expectations.

Nike Inc., up $2.44 at $98.87

A Stifel Nicolaus analyst said that demand for the shoe maker's products may have increased during the back-to-school shopping season.

Royal Caribbean Cruises Ltd., up 86 cents at $26.94

A Citi analyst said in a note to clients that cruise bookings in the industry appear to have improved over the past month.

Movado Group Inc., up $5.25 at $35.36

The luxury watch maker said that its second-quarter net income rose 83 percent due to higher sales and cost cutting.

PVH Corp., up $4.28 at $92.77

The clothing company's second-quarter net income rose 31 percent on higher sales of its Tommy Hilfiger and Calvin Klein lines.

Nasdaq

Sanderson Farms Inc., up $3.46 at $44.05

The chicken producer reported net income of $28.7 million during the third quarter. The results beat Wall Street expectations.

Immunomedics Inc., down 14 cents at $3.32

A Wedbush analyst downgraded the company's stock saying that development of its pancreatic cancer treatment is taking too long.


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